SOURCE: Wall Street News Alert

June 15, 2005 08:28 ET

Wall Street News Alert: PYDS to Provide Debit Card Loading and Issuance Services for Thalassa Financial Services' Nationwide Kiosk Rollout!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- June 15, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Payment Data Systems, Inc. (OTC: PYDS), Time Warner Inc. (NYSE: TWX), SIRIUS Satellite Radio (NASDAQ: SIRI) and Nortel (NYSE: NT).

Payment Data Systems, Inc. (OTC: PYDS) may be appearing on the radar screen of aggressive investors and day traders again this morning! Yesterday after the stock markets closed, the company issued a press release announcing that it has signed a multi-year agreement in which Thalassa will be an exclusive referrer of Payment Data Systems solutions into a variety of highly adaptive industry segments and will utilize Payment Data's services for their planned nationwide roll-out of 10,000 KIOSKS.

This could be huge news for investors! As part of the agreement, PDS will also have non-exclusive marketing and distribution rights to the Debit Card Load Kiosk (DCL-K) that has been designed and is being delivered by Thalassa. Seventy-five of these very sophisticated and value-based units have already been scheduled for likely installation later this year.

"The Thalassa executive team, led by Mike Gibbons, President and CEO, is very well positioned with relationships in the industry segments that we believe we can assist the most and deliver the greatest value to the customer," said Michael Long, Chairman and CEO. Long continued, "Examples of a few of these industry segments include higher education, secondary education, staffing, engineering, and manufacturing. I have had the opportunity to work with Mike for some time now and I am impressed with the quality and realization of client sources he has provided as well as his team's ability to understand PDS' products and value propositions and then effectively communicate those products and values to prospective clients. I am convinced this relationship will be a long-term and mutually valuable one."

Investors continue to watch this one as Payment Data Systems technology spreads! Mike Gibbons, Thalassa's President and CEO, stated that, "We clearly recognize the comprehensive value proposition we can offer our customers by partnering with Payment Data Systems. We look forward to working with the PDS team to further accelerate their impressive growth. We've empirically proven that we are able to engage customers more efficiently and establish a competitive differentiation by providing a full spectrum of services including an easy, reliable and secure system to dispense and reload debit cards."

For more in-depth coverage and a company profile of Payment Data Systems, visit http://www.backissuesofnewsalerts.us/PYDS0614.html

The stock closed yesterday at Twenty-One cents a share.

In case you are not familiar with the company: Payment Data Systems, Inc., is an Integrated Payments Solution Provider delivering comprehensive, cost-effective solutions to billers and retailers for the processing and management of electronic payments via the Internet, point of sale, or payments taken by Customer Service Representatives or an Interactive Voice Response (IVR).

Additional products available from PDS include services and products that can be implemented more quickly and less expensively than the alternative of adding multiple payments companies as these solutions offer a full range of payment processing capabilities. These service offerings include: one time and recurring ACH debits and credits, electronic lockbox and returned check services, Web pay acceptance of credit cards and checks, telephone pay to Customer Service Representatives for acceptance of credit cards and checks, Interactive Voice Response systems which completely automate the payment receiving process, and data warehousing that enable the storage and retrieval of all payment history from one location.

These are all managed within a single comprehensive storage and retrieval system thereby providing the customer consolidated tracking and reporting of all payment types regardless of source or channel.

Payment Data is the owner of the electronic bill payment portal, http://www.bills.com. Bills.com has the ability to transmit electronic payments to thousands of national billers.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Time Warner Inc. (NYSE: TWX) up 0.2% on 19.5 million shares traded, SIRIUS Satellite Radio (NASDAQ: SIRI) down 1.5% on 41.1 million shares traded and Nortel (NYSE: NT) down 0.7% on 11.4 million shares traded.

Commentary:

"The Labor Department released news regarding the Producer Price Index, PPI, for May, which had a sharp fall of 0.6%. The numbers were lead by the drop of oil, off 3.5%, the largest drop since April of 2003. The rate was partially offset by the rise of 2.2% of construction machinery, the largest in 25 years since January of 1980," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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